Pound falls further as borrowing costs rise again

The pound has dropped to its lowest value against the dollar since November 2023 while government borrowing costs have continued to rise.The pound fell to $1.21 on Monday morning as the recent sell-off continued.Meanwhile, the rate at which the government can borrow money - known as the yield - rose again, hitting its highest level since 2008 by one measure.Borrowing costs for many countries are rising across the…